The Bangladeshi government is undertaking a major initiative to significantly reduce the time required to start a new business. Currently, establishing a business, including obtaining licenses, approvals, and importing machinery, takes approximately 355 days. Commerce and Industry Minister Khandaker Abdul Muktadir announced plans to reduce this timeframe to just 14 days. The announcement was made on Wednesday, June 24th. This streamlining effort aims to improve the ease of doing business in Bangladesh and attract both domestic and foreign investment. Details of the specific reforms were not immediately available, but the government anticipates a substantial impact on economic growth. The move signals a commitment to reducing bureaucratic hurdles for entrepreneurs.